Tuesday Morning Fun and a Misleading Inflation Report

This cartoon was sourced from Ed Steer's Gold & Silver Daily, which can be found here:  LINK, which is free and which I highly recommend to anyone interested in the precious metals market...

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Headline Inflation Number Is Misleading....

As for today's PPI report released by the Government, it showed a .3% increase, with all the media morons highlighting the -.6% "core" reading, which does not include food and energy (I guess the Government and the clowns on CNBC exist without eating, electricity and heat).   HOWEVER, both energy and food were up 1.6%.  The decline in the core reading was attributed to price declines in light trucks and cars (you can thank Obama for subsidizing the cost of those items).